Westbury housing market boosted by village renovation
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Here's a motto that can best describe Westbury: Everything old is new again. That's because the village has been in renovation mode since 1999.
A sample of enhancements along Post Avenue include new storefronts, decorative street lighting and Victorian street signs, and perhaps most significant, the redevelopment of vacant and blighted sites.
The Village Piazza Ernesto Strada on Post and Maple avenues, for instance, was created as open space. Concerts and a short-film exhibition were staged there this summer.
Residents are excited about the newest venue -- The Space at Westbury -- at the site of the former Westbury movie theater. Wendy Liotti of Rowan Real Estate notes the space can be used as a concert hall, movie theater and for events and that a new arts council is being formed.
Westbury's central location also offers residents easy access to retailers, restaurants, recreation areas and parkways, says resident Mel Kussoy of Century 21 American Homes.
Westbury, which is culturally and economically diverse, also comprises the unincorporated neighborhoods of Salisbury, Salisbury Estates and New Cassel. Buyers can find single-family homes as well as condos and co-ops.
CONDOS AND TOWN HOUSES. 20 listings between $170,000 and $825,000
CO-OPS. 6 listings between $59,999 and $192,500
MONTHLY RENTALS. 18 listings between $1,250 and $3,600
SALES PRICE. According to Multiple Listing Service of Long Island data, there were 271 sales with a median sales price of $350,000 from July 1, 2012, to Aug. 31, 2013. The low sales price was $65,000, and the high was $725,000. From July 1, 2011, to Aug. 31, 2012, there were 224 sales. The median price was $325,000 with a low of $76,000 and a high of $844,000.
ATTRACTIONS. NYCB Theatre at Westbury; nearby Eisenhower Park in East Meadow
MORE WESTBURY STATS
Town: North Hempstead
Area: Village, 2.4 square miles; New Cassel, 1.5 square miles; Salisbury, 1.7 square miles
ZIP code: 11590
Population: Village, 14,996; New Cassel, 12,642; Salisbury not available
Median age: Village, 38.7; New Cassel, 29.6; Salisbury not available
Median household income: Village, $80,872; New Cassel $71,270; Salisbury not available
Median home value: $350,000*
LIRR time to NYC: 39 minutes to 47 minutes at peak
Monthly ticket: $276
School districts: Westbury, East Meadow, Carle Place, Hicksville and Jericho
Sources: 2010 Census; mlsli.com; LIRR;
*Based on sales in the past six months in the 11590 ZIP code, according to MLSLI